Acquisitions (Tables)

12 Months Ended

Dec. 31, 2019

Business Acquisition, Pro Forma Information

The unaudited pro forma financial information in the table below summarizes the combined results of operations for GSE, True North and DP Engineering as if the business combinations had occurred on January 1, 2018, in thousands.

	Years ended December 31,
	2019			2018
Revenue	$	85,959		$	120,373
Net loss		(4,805	)		(274	)

DP Engineering Ltd, CO. [Member]

Business Acquisition [Abstract]

Adjusted Purchase Price Consideration and Fair Value Adjustments

The following table summarizes the calculation of adjusted purchase price as of the acquisition date (in thousands):

Base purchase price per agreement	$	13,500
Pre closing working capital adjustment		155
Fair value of contingent consideration		1,200
Total purchase price	$	14,855

Consideration Paid For Assets Acquired and Liabilities Assumed

The following table summarizes the consideration paid to acquire DP Engineering and the fair value of the assets acquired and liabilities assumed at the date of the transaction. The following amounts except for cash are all reflected in the consolidated statement of cash flows within the “Acquisition of DP Engineering, net of cash acquired” line caption.

(in thousands)

Total purchase price	$	14,855
Purchase price allocation:
Cash		134
Contract receivables		2,934
Prepaid expenses and other current assets		209
Property, and equipment, net		98
Intangible assets		6,798
Other assets		1,806
Accounts payable and accrued expenses		(1,396	)
Other liabilities		(1,494	)
Total identifiable net assets		9,089
Goodwill		5,766
Net assets acquired	$	14,855

Fair Value of Intangible Assets Acquired and Related Weighted Average Amortization Period

The following table summarizes the fair value of intangible assets acquired at the date of acquisition and the related weighted average amortization period:

Intangible Assets	Weighted average amortization period		Fair Value
	(in years)		(in thousands)
Customer relationships		15	$	4,898
Tradename		10		1,172
Non-compete agreements		5		728
Total			$	6,798

True North Consulting, LLC [Member]

Business Acquisition [Abstract]

Consideration Paid For Assets Acquired and Liabilities Assumed

The following table summarizes the consideration paid to acquire True North and the fair value of the assets acquired and liabilities assumed at the date of the transaction. As of December 31, 2019, the Company had finalized the determination of the fair value allocated to various assets and liabilities.

(in thousands)

Total purchase price	$	9,915

Purchase price allocation:
Cash		306
Contract receivables		1,870
Prepaid expenses and other current assets		8
Property, and equipment, net		1
Intangible assets		5,088
Accounts payable, accrued expenses		(1,744	)
Accrued compensation		(353	)
Total identifiable net assets		5,176
Goodwill		4,739
Net assets acquired	$	9,915

Fair Value of Intangible Assets Acquired and Related Weighted Average Amortization Period

The following table summarizes the fair value of intangible assets acquired at the date of acquisition and the related weighted average amortization period:

Intangible Assets	Weighted Average Amortization Period		Fair Value
	(in years)		(in thousands)
Customer relationships		15	$	3,758
Tradename		10		582
Alliance agreements		5		527
Non-compete agreements		4		221
Total			$	5,088